Wall Street brokerages expect Sherwin-Williams Co (NYSE:SHW) to post sales of $3.94 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sherwin-Williams’ earnings. The lowest sales estimate is $3.89 billion and the highest is $3.96 billion. Sherwin-Williams reported sales of $2.78 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 41.7%. The firm is expected to report its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Sherwin-Williams will report full-year sales of $3.94 billion for the current year, with estimates ranging from $14.90 billion to $15.00 billion. For the next year, analysts anticipate that the company will post sales of $17.62 billion per share, with estimates ranging from $17.37 billion to $18.17 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Sherwin-Williams.

Sherwin-Williams (NYSE:SHW) last posted its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $4.75 EPS for the quarter, topping the Zacks’ consensus estimate of $4.70 by $0.05. Sherwin-Williams had a net margin of 7.82% and a return on equity of 58.02%. The company had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same period in the prior year, the business posted $4.23 EPS. The company’s quarterly revenue was up 37.4% on a year-over-year basis.

A number of brokerages have recently issued reports on SHW. Citigroup Inc. upped their target price on shares of Sherwin-Williams from $405.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Robert W. Baird reaffirmed a “buy” rating and issued a $425.00 target price on shares of Sherwin-Williams in a report on Friday, November 10th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $400.00 target price (up from $360.00) on shares of Sherwin-Williams in a report on Wednesday, October 25th. UBS Group AG upped their target price on shares of Sherwin-Williams from $375.00 to $395.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, Longbow Research reaffirmed a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Sherwin-Williams in a report on Monday, October 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $398.25.

Shares of Sherwin-Williams (NYSE:SHW) opened at $390.56 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.07 and a debt-to-equity ratio of 3.68. The stock has a market cap of $36,482.59, a PE ratio of 28.11, a PEG ratio of 2.17 and a beta of 1.22. Sherwin-Williams has a fifty-two week low of $261.65 and a fifty-two week high of $398.22.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 17th will be issued a $0.85 dividend. The ex-dividend date is Thursday, November 16th. This represents a $3.40 annualized dividend and a yield of 0.87%. Sherwin-Williams’s dividend payout ratio is currently 29.90%.

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In other Sherwin-Williams news, insider Joel D. Baxter sold 2,376 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $389.26, for a total value of $924,881.76. Following the transaction, the insider now directly owns 3,302 shares of the company’s stock, valued at approximately $1,285,336.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.69% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. increased its holdings in shares of Sherwin-Williams by 2.5% during the second quarter. First Citizens Bank & Trust Co. now owns 1,189 shares of the specialty chemicals company’s stock worth $417,000 after purchasing an additional 29 shares during the period. Gilman Hill Asset Management LLC increased its holdings in shares of Sherwin-Williams by 9.0% during the second quarter. Gilman Hill Asset Management LLC now owns 1,398 shares of the specialty chemicals company’s stock worth $491,000 after purchasing an additional 115 shares during the period. Raub Brock Capital Management LP increased its holdings in shares of Sherwin-Williams by 0.4% during the second quarter. Raub Brock Capital Management LP now owns 47,601 shares of the specialty chemicals company’s stock worth $16,706,000 after purchasing an additional 202 shares during the period. First Midwest Bank Trust Division increased its holdings in shares of Sherwin-Williams by 96.9% during the second quarter. First Midwest Bank Trust Division now owns 11,671 shares of the specialty chemicals company’s stock worth $4,097,000 after purchasing an additional 5,745 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of Sherwin-Williams during the second quarter worth approximately $507,000. 73.56% of the stock is currently owned by hedge funds and other institutional investors.

About Sherwin-Williams

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

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Earnings History and Estimates for Sherwin-Williams (NYSE:SHW)

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